Page 47 - Wework News Today

Richard Harpin, the home repairs tycoon, will invest £110m of his personal fortune in medium-sized businesses in a bid to save the UK High Street. Last year, Harpin sold HomeServe, the company that he founded in 1993 to Brookfield for over £4bn, netting him and his wife roughly £500m. Harpin says his main goal is not the return on investment, but rather to help get the country and economy going by helping businesses to scale up. He will also bring to the table his 45 years of e...

WeWork announced August 18 it is moving forward with a 1-for-40 reverse stock split in a bid to maintain its NYSE listing.

WeWork Stock Split: WeWork, once privately valued at $47 billion, now has a market capitalization of about $336 million in a stunning reversal of fortune.

WeWork Inc. (NYSE:WE – Get Free Report) major shareholder Bruce Dunlevie sold 5,406,301 shares of WeWork stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $0.20, for a total value of $1,081,260.20. Following the completion of the transaction, the insider now owns 14,065,009 shares in the company, […]

WeWork Inc. (NYSE:WE – Get Free Report) major shareholder Bruce Dunlevie sold 5,406,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $0.20, for a total value of $1,081,260.20. Following the completion of the sale, the insider now owns 14,065,009 shares […]

WeWork Inc. (NYSE:WE – Get Free Report) major shareholder Bruce Dunlevie sold 5,406,301 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $0.20, for a total value of $1,081,260.20. Following the sale, the insider now owns 14,065,009 shares in the company, valued at […]

On Friday, the company announced that it would be moving forward with a 1-for-40 reverse stock split in a bid to maintain its listing on the New York Stock Exchange.

WeWork said Friday it would proceed with a 1-for-40 reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised "substantial doubt" over its ability to continue operations.

​​Founded by Adam Neumann and Miguel McKelvey in 2010, WeWork had a tumultuous path to become a publicly-listed company. Below is a timeline of notable WeWork developments since mid-2019.

The move comes days after WeWork raised ‘substantial doubt’ over its ability to continue operations